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Government Promises: Not Worth the Paper They're Printed On

Back in June, the Washington Times reported on what seemed then to be a straightforward exchange between Rep. Paul Ryan (R-WI) and Federal Reserve Chairman Ben Bernanke:

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Blog

Government Promises: Not Worth the Paper They're Printed On

Back in June, the Washington Times reported on what seemed then to be a straightforward exchange between Rep. Paul Ryan (R-WI) and Federal Reserve Chairman Ben Bernanke:

08/11/2009
As California Goes, So Goes New York

... Aaaand probably the federal government.Over at the Atlantic, Megan McArdle takes on the question "Is California too big to fail?" Short answer?  Nope.

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Blog

As California Goes, So Goes New York

... Aaaand probably the federal government.Over at the Atlantic, Megan McArdle takes on the question "Is California too big to fail?" Short answer?  Nope.

05/20/2009
National Debt Roars Past $9 Trillion

The news should have made banner headlines, but few paid attention as the U.S. national debt passed the $9 trillion mark this week. I suppose the lack of interest is understandable, since the citizens who will be stuck paying this bill are mostly in grade school. The sad thing: the national debt was "only" $5.735 trillion when George W. Bush took office in January 2001. We're on pace for the national debt to increase by more than 50% during his 8 year tenure as chief executive.

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National Debt Roars Past $9 Trillion

BY

The news should have made banner headlines, but few paid attention as the U.S. national debt passed the $9 trillion mark this week. I suppose the lack of interest is understandable, since the citizens who will be stuck paying this bill are mostly in grade school. The sad thing: the national debt was "only" $5.735 trillion when George W. Bush took office in January 2001. We're on pace for the national debt to increase by more than 50% during his 8 year tenure as chief executive.

11/08/2007

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